Breakout Of Gold Priced In Euro Terms

by Olivier on January 20, 2009

Gold priced in Euro terms is showing clear signs of a breakout today.
I think today was the first sign of what is to come.
I want to reiterate my recommendation to hold at least 5% of your liquid net worth in physical gold and silver held in your own possession.
Financial stocks got crushed. Oil is tanking with the markets. It will be very hard for oil to decouple from the general market’s direction.
Let’s see if I get stopped out of UCO.

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